11830 Manor Dr Apt A Unit A Hawthorne, CA 90250
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About this home
This incredible duplex is perfect for a savvy investor or owner-user. The front house boasts 3 spacious bedrooms including a master en-suite, 2 full bathrooms, and an inviting great-room style layout with dining area, open kitchen with breakfast bar, and a cozy family room with fireplace. Enjoy a patio area perfect for barbecuing or relaxing. The rear house offers 3 bedrooms including a master en-suite, 2 bathrooms, and a private yard ideal for a garden or entertaining guests. The property also features two attached 2-car garages plus a carport, providing plenty of parking and storage. As an added bonus, the property includes a versatile bonus unit that is ideal for a mancave, bachelor pad, or creative space. The rental property is situated in one of Hawthorne's most desirable investment pockets, this property is truly a rare opportunity with incredible income potential. Agent does not guarantee the accuracy of square footage, lot size, zoning, permits, use code, schools and/or other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professional. THE PROPERTY WILL BE DELIVERED VACANT. OWNER'S RENTAL INCOME IS AIRBNB.
Source: CLAW #25585549
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
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